Daily GST Updates – September 28, 2022

• 8 Points – GST compliances before the end of September 2022
• Cenvat credit available on service tax paid to commission agent
• Procedure for Registration Certificate for Import of Fresh (green) Areca Nut from Bhutan
• Amendment in Import Policy of Fresh (green) Areca Nut from Bhutan
• Constitution of GoM for boosting Real Estate Sector under GST regime
• Cenvat credit eligible on tower, tower material & pre-fabricated buildings/shelters
• GST Inspection/Search by Assistant Commissioner based on valid authorization by Chief Commissioner is valid
• GST compliance on Sale of Capital Goods
• Modification in Daily Price Limits (DPL) for Commodity Futures Contracts
• Seeks to further amend notification No. 50/2022-Customs, dated 30.06.2017
• Reverse Charge Mechanism on Renting of Residential & Commercial Dwelling
• Transfer Pricing – Section 92A to 92F & Rules 10A to 10E
• GST registration cannot be cancelled based on Legally Flawed Proceedings
• Foreign Trade Policy extended for six months
• Under GST law, tax to be first charge on property except under IBC
• GST registration Cancellation order uploaded without signature – Limitation starts after affixing of signature
• SC explains Section 34 of U.P. Trade Tax Act
• Determination of tax & adjudication of demand by Proper Officer – Section 73 – CGST Act, 2017
• Customs broker liable for the act of employees
• Cenvat Credit not admissible on insurance services pertaining to family members of employees
• Section 14A disallowance not considerable in Section 115JB book profit computation
• HC Grants Bail as GST evasion not quantified & GST officer not lodged any FIR/Complaint
• Section 153C satisfaction needs to be recorded even if AO of searched & other person is same
• Service Tax exemption under SEZ Act cannot be denied for procedural infirmities

Source Taxguru

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